MediaAlpha, Inc. (NYSE:MAX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of MediaAlpha, Inc. (NYSE:MAX) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $17.50.

A number of research firms recently weighed in on MAX. The Goldman Sachs Group reduced their price objective on shares of MediaAlpha from $23.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on MediaAlpha from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their target price on MediaAlpha from $22.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 price target on shares of MediaAlpha in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group cut their price objective on shares of MediaAlpha from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, February 24th.

MediaAlpha Trading Down 1.2 %

NYSE:MAX opened at $8.90 on Friday. MediaAlpha has a 12 month low of $8.21 and a 12 month high of $25.78. The firm’s 50 day moving average is $10.96 and its 200 day moving average is $13.69. The stock has a market capitalization of $596.30 million, a PE ratio of 52.33 and a beta of 1.15.

MediaAlpha (NYSE:MAX) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.16). The firm had revenue of $300.65 million during the quarter, compared to analysts’ expectations of $289.38 million. MediaAlpha had a negative return on equity of 11.98% and a net margin of 1.41%. Research analysts predict that MediaAlpha will post 0.48 earnings per share for the current year.

Institutional Trading of MediaAlpha

Large investors have recently modified their holdings of the business. TimesSquare Capital Management LLC raised its position in shares of MediaAlpha by 77.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,628,815 shares of the company’s stock valued at $18,389,000 after buying an additional 712,410 shares in the last quarter. Clearline Capital LP boosted its holdings in shares of MediaAlpha by 115.3% in the 3rd quarter. Clearline Capital LP now owns 1,241,419 shares of the company’s stock worth $22,482,000 after purchasing an additional 664,691 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of MediaAlpha by 2,683.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 476,342 shares of the company’s stock valued at $5,378,000 after purchasing an additional 459,227 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of MediaAlpha by 570.7% during the 4th quarter. AQR Capital Management LLC now owns 472,215 shares of the company’s stock valued at $5,331,000 after buying an additional 401,807 shares in the last quarter. Finally, CenterBook Partners LP lifted its position in MediaAlpha by 485.7% in the 4th quarter. CenterBook Partners LP now owns 471,864 shares of the company’s stock worth $5,327,000 after buying an additional 391,298 shares during the last quarter. Institutional investors own 64.39% of the company’s stock.

MediaAlpha Company Profile

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.